Net2Phone (NTOP)

Company. "Net2Phone is a provider of low-cost, high-quality, retail Voice over IP services, either directly or through partners." (company website)

NTOP stock chart
gain Bottom line
15%

Buy. In August, NTOP made a nice move from $5 to an intraday high of $6 and then pulled back. I bought just after the ADX line crossed the threshhold (20).

Unfortunately, NTOP got caught in the end-of-September downdraft, although it did not close below $6.

Sell. When NTOP got to the $7 level, it seemed to lose steam. Although the ADX line remained stable and the Chaikin oscillator is still pointing up, I decided to sell.

I will not be surprised if NTOP makes further gains next week. This is a case of "bird in the hand" thinking and an attempt to turn over the portfolio as soon as stocks recover from their September swoon.